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A lawsuit filed by loanDepot in 2023 accused Movement Mortgage of illegally luring away 25 employees over a three-month period in 2021.
Deran Pennington, a former top sales executive at Movement Mortgage, alleges that Movement breached his contract by failing to pay his full compensation.
South Carolina mortgage company hires industry vet to run the operation
Lender accused of not following guidelines for originating, underwriting some FHA, VA loans.
Lender sues Movement, claiming it illegally lured away 25 employees in 6 states.
Deal is expected to add $2 billion in annual mortgage loan volume to Mortgage's origination platform.
